Which of the following is true regarding Medicare?
A) Eligibility for the plan is based on both need and age.
B) The entire plan is free to qualified participants.
C) Part of the program is optional and has a charge.
D) Virtually all medical expenses are paid for those covered.
Answer: C
Business
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Indicate whether the statement is true or false
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Google Inc. paid $10.6 billion to acquire other companies. Google also paid $33 billion to purchase long-term securities. How are these cash outflows classified on the statement of cash flows?
A) financing activities B) operating activities C) investing activities D) noncash investing and financing activities
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